Matthew Wyles to step down as Nationwide director

Nationwide group distribution director Matthew Wyles is stepping down from his responsibilities as part of an organisational restructure.

The lender is combining product development with distribution and brand development to form a new directorate called Group Retail, led by group product and marketing director Chris Rhodes

Group intermediary sales managing director Ian Andrew will transfer his reporting line to group director of distribution Graeme Hughes within Rhodes’ new division.

Wyles has been with Nationwide for five years, since it took over Portman Building Society, and joined Portman in 1997.

Nationwide chief executive Graham Beale says: “Matthew’s contribution has not just been in the retail arena but, more generally, he has supported me and the rest of the executive team, helping to develop and transform Nationwide into what it is today.

“His tenure with us has been during one of the most challenging and significant periods of change for the organisation and I would like to thank him for his significant contribution and wish him well in his future career.”

Wyles says: “The last five years have been undeniably tough but we have achieved so much. I’m really proud of the way that Nationwide has not only weathered the storm but has emerged fitter and stronger – it’s a business with a consistent, clear and effective strategy with the customer at its centre.

“I wish all my colleagues and friends at Nationwide every success in the future.”

Countrywide financial services director Nigel Stockton says: “I knew Matthew very well and I wish him all the very best in whatever he choses to do. He was a great personal support and help and will be missed.”

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